This is very good news to all holders. If Swala Management can put down a solid financial plan for next two years with little or no dilution than already planned, I am sure SP will be at least double than where it is now.
Sure, resources are there in our license areas and Management has done it before. We all wish Swala can be next African Oil or Tullow in 2-3 years time and I also wish future Oil explorers would want be next Swala.
I have invested equally in Otto and Swala and like the way they approach business and future plans. I am sure by 2016, I would be satisfied that I decided to invest in these shares in early stages because I believe both SP will be nowhere near where they are now. If Swala can bag Eyasi and block 31 in Zambia, expect the SP to be in mid 30s and by 2014 if all goes fine, it might go north sooner than expected.
HOPE is good as long as there are FACTS to support. With a little luck, Swala can become what we wish and I am sure anyone whose average is below 20c (IPO price) would be very glad to hold SWE shares and would be sitting on a multi-bagger. GLTA and DYOR
Cheers.!
SWE Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held